Creditors agree ISTC deal ahead of Collins Stewart takeover

Broker Collins Stewart is on the verge of taking over International Securities Trading Corporation after the failed Irish debt investor’s creditors agreed to a rescue plan that will leave a group of creditor banks with a €400m ($263m) loss.

Investment banks including Bank of America, Deutsche Bank, Dresdner Kleinwort, Merrill Lynch and UBS are among the creditors that have approved the recovery plan.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump